KRN Heat Exchanger and Refrigeration Limited has announced robust financial results for the third quarter and nine months of FY26, demonstrating strong operational performance across its business segments. The company held its earnings conference call on February 9, 2026, where management outlined the financial achievements and growth trajectory.

Q3 FY26 Financial Performance

The company delivered impressive consolidated results for the third quarter, with significant improvements across key metrics:

Nine-Month Performance Overview

For the nine-month period ended FY26, the company maintained strong momentum with substantial growth in both standalone and consolidated metrics:

Business Expansion and New Facility

Chairman and Managing Director Santosh Kumar Yadav announced that the company will officially inaugurate its new manufacturing facility on March 11, 2026, at Neemrana, Alwar, Rajasthan. The new facility has already begun contributing to business growth, with the company adding over 40 new customers during the quarter from the new facility alone.

The facility is designed to manufacture bar and plate heat exchangers, oil cooling systems with blower and motor, and roll band evaporators. Management expects to achieve 20% capacity utilization from the new facility in FY26, with plans to reach 50% utilization in the following year.

Market Expansion and Product Diversification

Data Center Business Growth

The company has established a strong position in the data center segment, which contributed 15% of total revenue in the nine-month period, up from 7% in the previous year. Management expects to capture 50% of India's data center heat exchanger market based on quality, infrastructure, and competitive pricing.

Bus Air Conditioning Segment

Through its acquisition of Sphere Refrigeration Systems, the company has entered the bus air conditioning market. The business has already commenced supplies to one OEM customer, with plans to establish 20-25 service centers across India within six months. Management targets capturing 15% of India's bus air conditioning market, valued at over Rs 1,000 crores and growing at 20-25% annually.

Export Market Performance

The company continues to strengthen its international presence, with strong demand from UAE, United States, Canada, and Europe. Recent trade developments and tariff clarifications have improved prospects in the US and European markets, where the company offers 15-20% cost advantages over local suppliers.

Strategic Initiatives

The company has implemented several strategic measures to support growth, including establishing an in-house laboratory for product testing, expanding backward integration capabilities, and strengthening the management team with new appointments in export sales and food/non-food business segments.

Management maintains a positive outlook for Q4 FY26 and beyond, supported by strong order pipelines, expanding customer base, and favorable industry dynamics in HVAC and refrigeration sectors.

KRN Heat Exchanger and Refrigeration Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 6, 2026, which commenced at 3:34 PM and concluded at 3:50 PM.

Consolidated Financial Performance

The company delivered robust consolidated financial performance during Q3FY26. Revenue from operations reached ₹15,322.76 lakhs, representing substantial growth compared to ₹11,146.65 lakhs in the corresponding quarter of the previous year.

Nine Months Performance Overview

For the nine months ended December 31, 2025, the consolidated revenue from operations stood at ₹42,057.79 lakhs compared to ₹29,834.69 lakhs in the previous year. Net profit for the nine-month period reached ₹5,310.59 lakhs against ₹3,800.84 lakhs in the corresponding period last year.

Standalone Financial Results

On a standalone basis, the company reported revenue from operations of ₹13,634.43 lakhs for Q3FY26 compared to ₹10,395.21 lakhs in Q3FY25. Standalone net profit for the quarter was ₹1,509.31 lakhs versus ₹1,269.03 lakhs in the previous year.

Segment Performance and Export Revenue

The company's consolidated segment revenue breakdown shows India contributing ₹12,464.88 lakhs and overseas markets contributing ₹2,857.88 lakhs during Q3FY26. For the nine months period, total export revenue reached ₹7,162.16 lakhs, with major contributions from the United Arab Emirates (₹2,728.60 lakhs) and USA (₹2,669.73 lakhs).

Earnings Conference Call Recording Available

Following the financial results announcement, the company conducted an investors and analysts conference call on February 9, 2026. In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the Q3&9M FY26 earnings call is now available on the company's website.

IPO Fund Utilization Status

The company has fully utilized its IPO proceeds of ₹31,111.66 lakhs as planned. Out of ₹23,575.66 lakhs invested in subsidiary KRN HVAC Products Private Limited, ₹1,639.94 lakhs were pending utilization toward the proposed project as of December 31, 2025.

Regulatory Compliance and Board Approval

The financial results were prepared in accordance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed and recommended by the Audit Committee before being approved by the Board of Directors. Chairman and Managing Director Santosh Kumar Yadav signed the official communication to BSE Limited and National Stock Exchange of India Limited. Company Secretary Jitendra Kumar Sharma digitally signed the earnings call recording notification on February 9, 2026.